Catalina Marketing gets boost from Q4, FY04 outlook

MichaelBaron

Catalina Marketing
POS, +0.00%
is up more than 8 percent to $17.60 after the St. Petersburg, Fla., consumer research and targeting services firm forecast better-than-anticipated results for fiscal 2004. The company sees earnings of $1.23 to $1.28 per share on revenue of between $521 million and $542 million for the year ending March 31, 2004. Analysts polled by Thomson First Call are looking for earnings of $1.25 per share in the period, on average. Catalina added that it expects a profit of 41 to 43 cents per share for the fourth quarter of fiscal 2003, ahead of Wall Street's current consensus estimate of 40 cents per share.

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